Catalina Company Reported a Net Loss of $10,000 for the Year

question 190

Multiple Choice

Catalina Company reported a net loss of $10,000 for the year ended December 31, 2014. During the year, accounts receivable decreased $5,000, inventory increased $8,000, accounts payable increased by $10,000, and depreciation expense of $6,000 was recorded. During 2014, operating activities

• A) used net cash of $3,000.
• B) used net cash of $7,000.
• C) provided net cash of $3,000.
• D) provided net cash of $7,000.

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Definitions:

Solution Focused Counseling

A short-term therapeutic approach focusing on an individual's present and future circumstances and goals rather than past experiences, emphasizing solutions rather than problems.

Short-Term Therapy

A therapeutic approach designed to provide immediate, targeted assistance within a limited time frame.

Pragmatism

A philosophical approach that assesses theories or beliefs in terms of the success of their practical application.

Complainant-Type Therapeutic Relationship

A therapeutic dynamic where the client primarily seeks to express grievances or dissatisfaction, requiring the therapist to navigate support and resolution strategies.